Posts Categorized: Cornerstone News

Cornerstone Capital Group Releases Colorado Impact Report

Denver, CO, June 8, 2017: Cornerstone Capital Group is pleased to announce the release of the Colorado Impact Report: A Web of Place-Based Impact Investing and Community Wealth-Building Opportunities. This new report, co-produced by Cornerstone Capital’s Chief Investment Officer, Phil Kirshman, and Katherine Pease of KP Advisors (who will join the Cornerstone Capital team as… Read more »

Leaders in U.S. Economy Say “We Are Still In” on Paris Climate Agreement

Cornerstone Capital Group is proud to be a signatory to the “We Are Still In” statement Washington DC – Over 1,000 U.S. governors, mayors, businesses, investors, and colleges and universities, representing the broadest cross section of the American economy yet assembled in pursuit of climate action, today declared their intent to continue to ensure the… Read more »

Cornerstone Capital Group Names Katherine Pease as Director of Impact Investing

Cornerstone Capital is pleased to announce the addition of Katherine Pease to our Investment Advisory team. Katherine joins as Director of Impact Investing. In this new position, Katherine will help guide our clients in constructing impact investing strategies and sourcing investment opportunities, and will contribute to ongoing relationship management and impact measurement.  She will also support… Read more »

Seeking Global Thematic Research Analyst

The position of Global Thematic Analyst operates within the Research Team at Cornerstone Capital, Inc. and reports to the Head of Corporate Governance, Engagement and Research.  The Research Team produces thematic investment research and other content in support of the business goals of the Cornerstone Capital’s wealth management and corporate advisory business lines.  The position… Read more »

Cornerstone Capital Names M. Randall Strickland as Director and Client Relationship Manager

Cornerstone Capital, Inc., is pleased to announce that M. Randall Strickland has joined the firm as a Director and Client Relationship Manager for Cornerstone Capital Investment Advisory (CCIA). Randall will be responsible for supporting CCIA’s clients in investment policy planning, ESG and impact investing integration, strategy and investment manager selection. He will be a primary… Read more »

Our Comments to the SEC on the CEO/Worker Pay Ratio Rule

Because our investor clients seek to invest for the long term, we have a strong interest in urging corporate disclosures that enable investors to evaluate risks and make decisions that will affect the long-term health of our clients’ portfolios. Our corporate clients believe that meaningful disclosure that communicates how they are managing environmental, social and governance matters helps them to attract long-term capital.

Cornerstone’s Karp Featured in New Bloomberg Report

March 8, 2017– Marking International Women’s Day, Bloomberg issues a report today called “Women in Finance: Where in the World is Gender Equality Gaining Ground?” Cornerstone CEO Erika Karp is among the women featured in the report. Click here to read the report.

Seeking Experienced Client Portfolio Manager (CPM) / Business Development Specialist

Cornerstone Capital Group seeks a Client Portfolio Manager (CPM)/Business Development specialist to support our CCIA business. The position will be located in New York City and work closely with our Chief Investment Officer and Research & Operations Departments on all aspects of the sales cycle, from lead generation to closing and retention as a relationship manager, for new and existing clients

Cornerstone’s Craig Metrick to Serve as Chair of US SIF Board of Directors

Cornerstone Capital Group is pleased to announce that Craig Metrick has been elected to serve as Chair of the Board of Directors of US SIF: The Forum for Sustainable and Responsible Investment. US SIF’s 14-member board provides strategic guidance to advance sustainable, responsible and impact investing across all asset classes. Previously, Craig served two terms on the US SIF Board, on the Executive, Membership and Education Committees; he was also a Trustee of the staff-defined contribution plan.

Cornerstone’s Kirshman Named to Board at Calvert Foundation

Cornerstone Capital Group’s Phil Kirshman has been elected to the Board of Directors at Calvert Foundation, an impact investing institution that invests in underserved communities around the world. He was confirmed for a three-year term. Also named to the board on Sept. 12 was Jaime Yordan, former Vice Chairman of Citigroup. Earlier this year the Calvert board also… Read more »

StartOut to Honor CCG’s Karp with 2016 Award for Entrepreneurial Leadership

StartOut, the national non-profit organization dedicated to fostering and developing entrepreneurship in the LGBT community, will honor Cornerstone Capital Group Founder and CEO Erika Karp with the 2016 Wells Fargo Leadership Award in recognition of her accomplishments and personal commitment to support LGBTQ entrepreneurs. The award will be presented at a gala event on Sept…. Read more »

Cornerstone Capital Names Douillet as Executive Director

Cornerstone Capital Group is pleased to announce the appointment of Nicole P. Douillet as Executive Director responsible for Business Development and Client Portfolio Management at Cornerstone Capital Investment Management (CCIM), its investment advisory business. “As we scale up operations at Cornerstone, we are truly delighted to be joined by a colleague with Nicole’s track record… Read more »

Cornerstone Contributes to FAIRR’s Investor Case Studies Report

Many investors now acknowledge the sustainability issues that surround the growth of intensive farming around the world. But what practical steps can investors take to ensure any risks and opportunities emanating from this trend are accounted for in investment decisions? The Farm Animal Investment Risk & Return (FAIRR) Initiative has issued a second booklet of case studies that showcases how leading investors… Read more »

Cornerstone and IRRCi Publish Benchmark Report on Food Safety

New study examines food safety practices of 60 public companies and identifies five key industry trends. Results indicate progress, but much room for improvement. The research also indicates that executive compensation rarely is linked to food safety goals, and that there currently is little food safety expertise present on most food company boards.

Job Opportunity: Research Associate

Cornerstone Capital’s Research team provides the intellectual capital for all of the firm’s business lines. Our Research Analysts integrate analysis on ESG issues into mainstream capital markets sector and thematic research. They also conduct analysis on behalf of the firm’s corporate advisory clients, and participate in due diligence reviews of investment managers being considered for inclusion in Cornerstone’s investment advisory platform. The Research Associate provides critical support to Cornerstone’s Research Analysts. The Research Associate will find and analyze project-related data, conduct literature reviews, and contribute to reports for publication as well as to projects for clients.

Cornerstone Hires Carolyn Trabuco for Research Team

Cornerstone Capital Inc., a leading financial services firm offering investment advising, corporate consulting, and investment banking services, has named Carolyn Trabuco as a Managing Director and Global Thematic Research Analyst. Trabuco has spent over 25 years in global investing, where she has identified dynamic secular changes, made investment recommendations, developed business and industry models, valued… Read more »

Cornerstone Opens Washington DC Office, Adds Strategic Policy Expert

Cornerstone Capital Group, a leading financial services firm, has named Dr. Robert D. Lamb as Director of Strategic Policy Research, and will open a new office in Washington, DC, effective March 21st. “Given the critical nature of civic entrepreneurship in the capital markets, Cornerstone is pleased to expand our footprint to include Washington DC,” said Erika Karp, CEO… Read more »

Cornerstone Capital Group Hires Industry Veteran Jennifer Leonard for Research Team

Cornerstone Capital Inc., a leading financial services firm today named Jennifer Leonard as a Director of Manager Due Diligence, supporting the Cornerstone Capital Investment Advisory business. Leonard comes to the firm from The CAPROCK Group, where she was Vice President of Impact Investing and co-led the firm’s impact practice. She will be based in New… Read more »

Cornerstone Capital Names Morgan to Managing Director Role

NEW YORK – Cornerstone Capital Inc. has named Janet M. Morgan (Jan) as Managing Director, responsible for strategic business development for the firm, effective immediately. Noted for her work as an environmentalist, leader and advocate for women and girls, Morgan has been dedicated to solving pressing global problems through nonprofit action, dialogue and socially responsible… Read more »

Cornerstone Capital Names Dusenbury as Corporate Business Development Lead

NEW YORK — Cornerstone Capital Inc. is pleased to announce the appointment of David Dusenbury, CFA, as Managing Director, responsible for strategic corporate business development. Dusenbury will join the firm’s Executive Committee and serve on the Investment Policy Committee for Cornerstone Capital Investment Management, its investment advisory business. “We are thrilled to have another Wall Street veteran… Read more »

Wilson and Karp on “Shareholder Alignment” in American Banker

In the late 1990s, some shareholders became concerned that new practices in subprime mortgage lending could harm low-income borrowers. Companies like Wells Fargo received shareholder resolutions asking them to adopt anti-predatory-lending policies. Wells engaged in discussions with the shareholders and ultimately implemented practices that helped keep its mortgage origination business relatively free of “toxic mortgages.”… Read more »

Cornerstone Capital Group 2015 Holiday Party Gallery

Cornerstone Capital Group gathered with clients, colleagues and friends at our Holiday Party recently in New York City for a special evening themed, “Survival of the Fittest: The Evolution of Sustainable Finance and Investing.”  Guests learned about efforts to maintain balance in Arctic habitats, create sustainable zones for endangered species and ways to protect some of our… Read more »

Thoughts on Paris and Shareholder Alignment

As world leaders, investors and members of civil society meet in Paris to forge a new global accord on climate change, we are seeing a greater appreciation for the value of  systematically analyzing Environmental, Social and Governance (ESG) factors not only at the policy level, but also as part of shareholders’ holistic assessment of corporate strategies. Beyond… Read more »

Cutting Edge Firms Partner to Train the Next Generation of Ethical Finance Professionals

Cornerstone Capital Group and Inspiring Capital (IC) announced a strategic partnership to advance their shared goal of mainstreaming sustainable business and investment practices. Inspiring Capital has adopted Cornerstone’s research-driven approach to “help companies integrate social and environmental issues into business strategy and governance practices,” as the foundation of IC’s leadership development programs for professionals seeking purpose-driven careers.

FIA Brazil Students Declared Winners of $25,000 Grand Prize in Cornerstone Capital Inc.’s “Sustainable Games” Challenge

In the culmination of a year-long Cornerstone Capital Group initiative called “Sustainable Games: The Business Model Challenge,” a team of students from Fundação Instituto de Administração (FIA) in Sao Paulo Brazil was named the winner of the $25,000 Grand Prize. The business idea presented is a program to facilitate employment opportunities for disabled young adults while seeking market rate returns.

Cornerstone Capital Names Three Experts to its Global Advisory Council

Cornerstone Capital Group is pleased to announce three new appointments to its Global Advisory Council. We welcome Laura Berry, Bennett Freeman and Vivienne Ming to the group. Further, we announce that Ming has agreed to serve as Senior Science Advisor and Berry will take on the role of Chair of the Designated Equity Committee of the Council.

“We are thrilled to engage the breadth and depth of the collective experience of these three exceptional professionals on behalf of our mission said Erika Karp, CEO and Founder of Cornerstone, regarding the appointments . . .

Job Opportunity: Research Development and Distribution Analyst

Founded in 2013, Cornerstone Capital Inc. is a New York-based financial services firm that provides investment advisory and consulting, investment banking, and strategic consulting services. The mission of the firm is to fuse the discipline of sustainable finance into the mainstream of the capital markets. Cornerstone Capital Group advises both investors and corporations on how… Read more »

New York City Comptroller Talks “Work-Life Integration”

New York City Comptroller Scott M. Stringer engaged executives from both HR and investment/asset management in a robust conversation about the importance of flexibility, diversity and work life issues at a roundtable on August 11th co-hosted by Families and Work Institute (FWI) and Cornerstone Capital Group, a sustainable finance advisory platform. Several of FWI’s Corporate… Read more »

Addressing Deforestation Through Sustainable Finance

Trends in Standards and Certification in Brazil are Focus of Workshop How might LatAM banks advance their policies, products and tools to better incorporate sustainability measures? And what models for engagement might evolve as best practices for public and private entities addressing deforestation concerns?  Those were just some of the subjects discussed at a daylong workshop organized by… Read more »

Cornerstone’s Karp Addresses UN General Assembly: “Trust, Transparency, Entrepreneurship & Corporate Legacy”

Cornerstone Capital Group’s Founder and CEO Erika Karp today delivered an address at the UN General Assembly representing the “voice of global investors in the capital markets” before leaders from across the public and private sector gathered at the United Nations’ Global Compact + 15 plenary event, “Business as a Force for Good.” Marking the UN Global Compact’s 15th… Read more »

Cornerstone Contributes to New Investor Guide from BlackRock and Ceres:

We’re pleased to share Cornerstone’s contribution to this important new investment tool. “Taking Investment Lessons From Socrates: Asking the Right Questions,” By John Wilson and Erika Karp, Cornerstone Capital Group, and Jerome Lavigne-Delville, the Sustainability Accounting Standards Board (SASB) Click to read Cornerstone’s article. “21st Century Engagement: Investor Strategies for Incorporating ESG Considerations into Corporate Interactions” –… Read more »

Cornerstone Capital at “The Model Room”

In one of the most iconic rooms of New York, Cornerstone Capital Group joined together with the Rockefeller Brothers Fund, Astia Angels, XMS Capital Partners, The Clinton Global Initiative and ATCO Realty, to host entrepreneurs, innovators and financiers at the New York Yacht Club’s “Model Room” to engage in wide-ranging discussions on sustainable and impact investing and the potential for the private sector to drive system-level change at scale.

UBS’ Intellectual Capital Blog: Interview with Erika Karp

The following interview with sustainable investing expert, Erika Karp, Founder and CEO of Cornerstone Capital Group, first appeared on the UBS Intellectual Capital Blog.  Stephen Freedman, CFA, Head of Thematic and Sustainable Investing Strategy, UBS Many of you may remember Erika Karp, a long-term UBS veteran, who was head of Global Sector Research at UBS Investment Bank until… Read more »

Cornerstone at “The Model Room”

Cornerstone Capital Group hosted a gathering of financiers and entrepreneurs on April 2nd at The New York Yacht Club’s “Model Room” for an evening dedicated to new business models and innovation. The event featured welcome remarks from Richard Parsons as well as co-hosts Justin Rockefeller of The Rockefeller Bros. Fund and Dale Hemmerdinger of ATCO… Read more »

Judges Announced for “Sustainable Games” Competition

Harvard Business School, Intel Education among Business and Entrepreneurial Leaders to Select Winner of $25,000 Prize Five global leaders from across business, the capital markets and academia have been selected as judges for “Sustainable Games:  The Business Model Challenge.”  The competition, which offers a $25,000 prize, is sponsored by Cornerstone Capital Inc., together with the Clinton… Read more »

“Sustainable Games: The Business Model Challenge” Goes Live

NEW YORK, February, 24 2015 – Cornerstone Capital Inc., together with the Clinton Global Initiative (CGI), RobecoSAM and the UN Principles for Responsible Management in Education (PRME), today announced a call for university students to participate in “Sustainable Games: The Business Model Challenge.” Applicants are invited to submit business plans for new companies that can help solve some of the world’s most pressing challenges in scalable and profitable ways – “Social Enterprises.”

China & Russia: Policies and Markets

Cornerstone Capital Group hosted a call on Jan. 12 with geopolitical expert, Lionel Vairon, CEO of CEC Consulting. Dr. Vairon spoke about implications for the global economy given closer ties between Russia and China – including likely developments in energy, politics and the financial sector. Click below to listen to the call.   Dr. Lionel… Read more »

Cornerstone Capital Holiday Party 2014

Cornerstone Capital  hosted a holiday party on December 4, 2014 for clients and guests with cocktails and a night at the theater in New York City. Hosted by Cornerstone Capital Inc.’s Founder and CEO Erika Karp, the event featured guest appearances by Jeffrey Seller, producer of Broadway’s “The Last Ship” and cast member Fred Applegate.   

Dr. Holmes Hummel Joins Cornerstone’s Board of Directors

Cornerstone Capital Inc., has elected energy policy expert Dr. Holmes Hummel to its Board of Directors effective immediately, it was announced by Erika Karp, founder and CEO. Dr. Hummel is the founder of Clean Energy Works, which connects champions of energy efficiency and renewable energy with resources that accelerate investment in the deployment of clean… Read more »

Harnessing ‘Sustainable Brand Power’

How does a brand stay true to its purpose?  And how does a company create an emotional connection with its stakeholders, employees and consumers? These were just a few of the questions addressed by Jostein Solheim, CEO of Ben & Jerry’s during a Roundtable session Nov. 19th on “Sustainable Brand Power” at Cornerstone Capital Group. … Read more »

Cornerstone Marks Launch of Investment Management Business in Denver

Cornerstone Capital  hosted a launch party Oct. 28th for its newest division, Cornerstone Capital Investment Management (CCIM), at The Alliance Center in Denver. The event featured Cornerstone Capital Inc.’s Founder and CEO Erika Karp, former Governor Bill Ritter, and Blackstone Entrepreneur Network CEO, JB Holston, who also serves on Cornerstone’s Global Advisory Council. Guests included many… Read more »

Cornerstone Capital Marks First Anniversary of JSFB with Expanded Distribution via Bloomberg

Special edition of Journal of Sustainable Finance & Banking  themed “Food & Nutrition” NEW YORK, NY (October 17, 2014) – Marking the first anniversary of its publication, Cornerstone Capital Group is pleased to offer this month’s edition of the “Journal of Sustainable Finance & Banking” (JSFB) complementary to all of our colleagues across the global financial… Read more »

Craig Metrick Joins as Director, Manager Due Diligence and Thematic Research

NEW YORK, NY (September 25, 2014) – Cornerstone Capital Inc. announced today the hiring of Craig Metrick as Director, Manager Due Diligence and Thematic Research. In his new role, Metrick will be responsible for overseeing the firm’s manager and fund outreach and review process across the asset class spectrum. He will support the Cornerstone Capital… Read more »

Cornerstone Capital Unveils Commitment at 2014 Clinton Global Initiative

“Sustainable Games: The Business Model Challenge” promotes global collaboration among students driving sustainable innovation in a call to social entrepreneurship NEW YORK, NY (September 24, 2014) – Cornerstone Capital Inc. announced today a new commitment to action at the Clinton Global Initiative’s 2014 Annual Meeting that will challenge university students around the world to develop… Read more »

CCG Leases New Space at The Alliance Center

Cornerstone Capital Inc. has reached an agreement to become one of the earliest for-profit tenants at The Alliance Center in Denver and will participate in the building’s Grand Reopening festivities on Aug. 14th. The space will accommodate the firm’s new Investment Management practice. “We are pleased to have been able to find the perfect space to house… Read more »

Cornerstone Capital Inc. Shortlisted for “Finance for the Future” Award

Cornerstone Capital Inc. has been shortlisted as a finalist for the 2014 Finance for the Future Awards in the small and medium-sized business category. The UK-based awards program, which recognises the role of the finance function in creating sustainable business models and economies, will be judged on 5 September.  Winners will be announced at an… Read more »

Cornerstone Hires Petrofsky and Benezra to Executive Team

Cornerstone Capital Inc. has hired two business experts to new posts on its executive team, it was announced by Erika Karp, founder and CEO. Alice Petrofsky, CFA, was named Executive Director, Institutional Business Development, reporting to Tanya Khotin. Karen Benezra joins the firm as Head of Strategic Marketing and Communications, reporting to Karp at Cornerstone… Read more »

A Look at the Reynolds/Lorillard Deal: Ramifications for E-Cigarettes

Transaction Overview Reynolds American (ticker: RAI) announced an agreement to acquire Lorillard (LO) for $27.4 billion in a cash-and-stock transaction valued at $68.88 per LO’s share (based on RAI’s closing price on 7/14/14).  As noted by Reynolds, this price represents a premium of about 40% to Lorillard’s stock price on February 28, 2014, which was… Read more »

Michael Baldinger and Eric-Vincent Guichard Join Cornerstone’s Board of Directors

Cornerstone Capital Inc., has appointed Michael Baldinger and Eric-Vincent Guichard to its Board of Directors, effective immediately. Baldinger currently serves as CEO of RobecoSAM AG, a Zurich-based investment firm that pioneered and specializes in sustainable investing. Guichard is Founder and CEO of Homestrings, an online portal that offers a range of tools to connect investors… Read more »

Five Governance Questions Shareholders Should Have Asked General Motors

The consequences of GM’s product safety failures are now becoming tangible. It will recall more cars this year than it will sell, affecting almost every one of its models. Kenneth Feinberg, an attorney best known for dispute resolution in cases of terrorism and corporate accidents, will be distributing a minimum of $1 million to each… Read more »

Feeding Fans Sustainably

ABSTRACT FROM THE CORNERSTONE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE JUNE 2014 EDITION.  When we think about sustainability in the context of the fan experience we take a holistic view of our opportunity and responsibility – from the restaurants supporting the sports events to the ingredients provided by our supply chain.  In doing… Read more »

The Power of Sports: From the Field to the Business World

ABSTRACT FROM THE CORNERSTONE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE JUNE 2014 EDITION.  As you bring your daughter to her sports clinics this weekend, to Tae Kwon Do or swimming or soccer, or wherever else her passion lies, celebrate. She’s not just playing. She’s not just exercising. She’s actually building critical life skills, such… Read more »

The Cornerstone Climate Change Conference Call Recap

How should investors respond to the challenges of climate change?  On our June 12th conference call, Cornerstone Capital CEO Erika Karp and John Wilson, Head of Corporate Governance, Engagement and Research, provided investors and corporate constituents with our perspective on this pivotal issue. The Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC)… Read more »

A Statement on Climate Change

As global markets digest the implications of the latest move from the Obama Administration, we argue that investors must adapt to the evolving reality of climate change with transparency, engagement and pragmatism.  In this note, John Wilson, Cornerstone’s Head of Corporate Governance, Engagement & Research, articulates our firm’s position on this pivotal issue. Introduction Although… Read more »

Smoke & Mirrors: The E-Cigarette Conference Call Highlights

Recent announcements by the Food and Drug Administration to regulate e-cigarettes are significant for the future of the $1.2 billion industry, not just because of the material impact of future regulations, but also because of the impact of the public debate and media discourse on the topic.  The FDA’s focus is on banning sales to… Read more »

Join Us at the CGI & SASB Sustainability Standards Corporate Roundtable May 13, 2014

We are pleased to announce that Cornerstone Capital Group will be participating in the upcoming Sustainability Standards Corporate Roundtable on May 13th, hosted by the Clinton Global Initiative (CGI) and the Sustainability Accounting Standards Board (SASB). This collaborative event will engage thought leaders to discuss SASB’s new sustainability standards, best practices for disclosure and methods to help drive… Read more »

John Wilson Named Head of Corporate Governance, Engagement & Research

In a first, corporate governance expert to lead research function at investment firm. Cornerstone Capital Inc. today announced that John K.S. Wilson has been appointed to the newly created position of Head of Corporate Governance, Engagement & Research at Cornerstone Capital Group, effective May 1st. Mr. Wilson, who most recently served as Director of Corporate Governance… Read more »

Global Diversity Leadership Exchange

On Thursday, March 27th, Erika Karp participated in The Global Diversity Leadership Exchange “Connecting Cultures & Corporate Value” in the “Establishing New Measures of Success” session at the United Nations Headquarters.  Some highlights are available by the American Sustainable Business Council, click here to read the commentary.   The Session Topic: We have often heard the mantra… Read more »

Erika Karp Recognized on the Good 100

We are proud to announce that Erika Karp, CEO & Founder of Cornerstone Capital Group, has been recognized on The 2014 Good 100. The Good 100 represent the vanguard of creative impact from around the globe and includes a diverse group of artists, activists, entrepreneurs and innovators from over 35 countries. For more information visit… Read more »

Michael Geraghty Joins Cornerstone Capital Group as Global Markets Strategist

Cornerstone Capital Group hires Michael Geraghty as Global Markets Strategist, marking the company’s continued build-out of the Investment Research Team. New York, NY (PRWEB) March 07, 2014 Cornerstone Capital Inc. announced today the recruitment of Michael Geraghty, formerly with Citi Investment Research and UBS Investment Bank, effective immediately.  In his new role, Michael will serve… Read more »

Tanya Khotin Joins as Head of Institutional Business Development

Cornerstone Capital Group hires Tanya Khotin as Head of Institutional Business Development, marking the company’s continued efforts to align its products and services with institutional investors.   New York, NY (PRWEB) March 04, 2014 Cornerstone Capital Inc. announced today the addition of Tanya Khotin, formerly with the Hugo Neu Corporation and UBS Investment Bank, to… Read more »

Erika Karp Speaks at Clinton Global Initiative

Erika Karp, Founder and CEO of Cornerstone Capital Group, Inc., shared her views on the evolution of business models during a panel discussion at the Clinton Global Initiative’s (CGI) Winter 2014 Meeting in New York. Erika Karp appeared during the Clinton Global Initiative “Plenary Session: Reimagining Impact,” moderated by President Bill Clinton. More than 500… Read more »

Phil Kirshman Joins Cornerstone Capital Group

FOR IMMEDIATE RELEASE PHIL KIRSHMAN, CFA, CFP®, FORMER SENIOR PORTFOLIO MANAGER WITH UBS INSTITUTIONAL CONSULTING, JOINS CORNERSTONE CAPITAL GROUP;  MARKS THE FIRM’S FUTURE EFFORTS IN INVESTMENT MANAGEMENT  NEW YORK — Cornerstone Capital Inc. announced today the addition of Phil Kirshman, CFA, CFP© , former Account Vice President and Senior Portfolio Manager at UBS Institutional Consulting,… Read more »

Erika Karp Recognized in The Purpose Economy 100

We are pleased to announce that Erika Karp, CEO & Founder of Cornerstone Capital Group, has been named to The Purpose Economy 100. The Purpose Economy 100 was launched by Imperative and CSRwire to recognize the 100 leaders and “their efforts to evolve our economy into one that generates purpose as employees, customers, community-members and citizens.” More… Read more »

Cornerstone JSFB ‘CEO’s Letter’ in Mandarin, January 2014

January 2014 Issue: 首席执行官关于可持续金融和银行业的致辞 在这期的Cornerstone 可持续金融和银行业的月刊里, 因为全球市场到了报告业绩的季节并伴随着股价有可能在2014年获利调整后再涨高,我们把注意力放在数据上。我们考虑大数据,负有责任的数据原则, 对环境,社会和公司治理分析的数据,以及数据运载。当包括思科和微软等公司在内的商业领袖在达沃斯讨论了从“数据储存的全球标准”到“所有东西的网络”, 讨论也集中 在如何达到安全的必需性和个人隐私权的平衡。我们提供了全世界在资本市场领域为卓越而努力工作的杰出专家的报告。 在短期内,在投资者吸收IBM和联想为低端服务器交易的定价时,我们也思索IBM Watson商业体的长期潜力和在认知计算方面的机会,以及 IBM把什么称为智慧的星球。对复杂的决策过程转化进行商业化的承诺也使我想起了阿尔伯特爱因斯坦的智慧。他的最被人广为知道的和最被人喜欢的名言是“不是所有能计算的都有价值,并且不是所有有价值的都能被计算”。但是在我们从全方位考虑数据的这期月刊里的上下文中,我们也应该注意爱因斯坦的警告“具有知觉的头脑是一个神圣的礼物而理智的头脑是一个忠实的仆人。我们已经创建了一个奖励仆人而忘记了礼物的社会”。 因此,不是期望计算力将最终能够理解细微之处和权衡直觉, 我们推荐哈佛大学政治研究所和Case 基金会Sonal Shah 的见解。在她的题为“社会部门大数据”的编辑精选里,Sonal号召对数据交叉引用的复杂性进行严格的政策讨论,从而我们能够有合适的背景支持,能够避免对现实扭曲的损坏。 进而在“责任性数据的原则”报告中,Cornersone分析师Michael Shavel提供了一份现状报告,这份报告讨论了当股份持有人对数据完整性,数据质量,数据的生命周期,以及数据安全性等的需要做出反应时,股份持有人在何种程度上能够敏锐地了解公司对于数据管理的现有政策。 正如Sonal寻找那些不仅含有数据也含有关键的能带来责任,同情和怜腼等社会好处等元素的算法时,Framework 公司的 Kathee Rebernak在这个月 “Featured Domain”章节寻找更深层的对公司优秀的理解。在一篇题为“SustainabilityMapping.com”的文章中,Kathee强调伟大的公司能够更好的理解他们的发明,经济和我们人力及自然资源的相关性及相互依存性。这个系统层面上的途径将给所有的我们带来更大的繁荣。 回到这个月的“Sustainability and the Digital Dilemma,” 章节,我们收录了一篇来自于洛克西德马丁公司关于可持续发展,报告和股份持有人管理部门主任Matthew Swibel,的一篇文章。在这里,Matthew指出网络事件的指数级成长估计耗费了社会3,880亿美金并且大声提出全球对信息安全的需要会使可持续发展显著的提到日程上。虽然很难模拟经济上的影响, 但是信息安全不可能利索的切合到任何 ESG的评分卡上,争论的焦点在于日益增长的非金融信息的纰漏必须要得到加强。 谈到公司的信息纰漏,在这月期刊的“Investment Storytelling Through Enhanced Analytics”章节部分,我们介绍一篇 Colcomgroup公司董事总经理Brad Monterio的文章。这篇文章强调了使ESG数据的格式,结构,和应用更一致的路已经铺垫好。鉴于公司很大量的信息是在财务报表之外,XBRL的时点已经到来了。 鉴于这个主题的复杂性,我们请Cornerstone Capital 估值和会计主管Janet Pegg来讨论 “Disclosure Overload: Don’t Throw Investors out with the Bathwater”这个主题。因为Mary… Read more »

The Cornerstone JSFB CEO’s Letter in Portuguese, December 2013

Carta da CEO sobre Finanças Sustentáveis e Banking Erika Karp Fundadora e CEO da Cornerstone Capital Inc. e ex Head de Pesquisa Setorial Global do banco de investimentos UBS Este mês no Cornerstone Journal of Sustainable Finance & Banking (JSFB), assistimos um mercado global mais suave com antecipação contínua da normalização das taxas de juros…. Read more »

A Mandarin Translation of the CEO’s Letter in the Cornerstone JSFB, November 2013

首席执行官关于可持续金融和银行业的致辞 过去一个月西方市场得益于特殊的货币刺激政策而持续走高,并且这种刺激在短期内没有放缓的迹象,在这个月Cornerstone 可持续金融和银行业的月刊里我们想借此机会来讨论一下东方市场。在众所期盼的中国共产党十八届三中全会后,全世界金融市场的参与者对于改革政策不能完全被市场接受而感到困惑,我们通过在本期中介绍两位中国问题专家的专题文章来共同思考最优的长期繁荣的途径。在我们新的“Regional Imperatives”章节,前法国外交部长Lionel Vairon 通过他最新出版的“中国的威胁”一书务实性地回答了中国崛起的秘密和现实。也是在这个月的期刊里,中国城市发展基金会的郑小平带来了他基于多年在大规模城市发展方面的经验为中国城市化进程中跨地域知识和资本流向等方面而提出的一个模式。 除了郑所指出的在持续推进城市化进程中的困难,我们也探讨了一个以扩大内需作为经济未来发展方向所面临的关键问题:即对于淡水的需求。水危机无疑是二十一世纪无可争议的危机,在这月期刊的“Enhanced Analytics”章节,我们重点讨论MSCI研究的一个新报告,报告的题目是“零和游戏:评估中国超大规模基础设施的水危机。”在这里,Linda Eling-Lee的团队探讨了基金经理可用来清晰审视他们投资决定中关于处理水危机的方法。 在我们注意到水是世界消费品公司重要的可持续发展关注点的同时,我们也借此机会在这个月的期刊里来讨论一下瑞银全球经济学家 Paul Donovan 和环境,社会,公司治理以及可持续发展策略师Julie Hudson 的评论。在这月期刊的“Sustainable Standout”章节,他们认为确实有办法来调和政治必然性,经济挑战,以及为全球生产低廉成本食品所付出的环境代价…..既集中解决这个系统中巨大的浪费。在他们新著的题为“食物政策和环境信贷危机—从汤到坚果”一书中,Paul和Julie继续帮助投资者回答应对消耗明天有限的资源来维持今天的消费水平所面临挑战的策略。 提及为这个饥饿的世界可持续性的提供食物所面临的挑战,这个月在我们“Open Source Excellence”章节,我们重点推荐一篇来自Bunge Environmental Markets 的Karla Canavan 的文章。Karla提出了一个引人注目的对于如何真正有机会通过建设性的使女性农民获得参与能力来解决食物和资源匮乏问题的案例。Karla项目的讨论强调带来繁荣的同时也带来资本的巨大可能性。 回到这个月我们“Global Sector Research”的工作,我们继续讨论中国崛起的话题,在这里我们介绍了技术行业策略师Nikos Theodosopoulos 对于美国科技公司对中国市场难以捉摸的探讨。Nikos 明确地列出了中国潜在的巨大技术市场机会,阻力,以及竞争的动态性。 这个月的“Sustainable Editorial”章节我们已经讨论了富有建设性地讨论金融衍生品价值(“衍生品的社会价值”)的必需性, 接下来我们想对全球银行业的健康性进行一下讨论。我们也提供了一篇来自于银行业策略师Diane Glossman 关于全球银行业运行的法规条款的文章。Diane 分享了她对金融业回报前景以及在当前监管环境下政府对该行业应付职责的理解。接下来我们想重点推介我们研究团队的估值和财务板块负责人Janet Pegg的报告,她的报告站在很高的角度讨论了银行是如何在他们的资产负载表上处理金融工具的。 在这月期刊里我们加入了一个新的“Accelerating Impact”章节。在这里 我们强调了当前由私营和公共机构所号召的对于那些愿意看到资本可以持续性运转的全体而采取实际行动的动员。这个月我们重点讨论杜克大学的David Robinson 的工作,David 和我们世界经济论坛全球融资和资本议程理事会的同事共同设计了一个对于使资本加速流入中小企业所面临的困难进行分析的问卷调查。我们诚恳的希望读者能够使用这个链接(http://sites.duke.edu/gacfinance)来参与这个问卷调查,从而使世界经济论坛可以更好地支持促进增长和繁荣的关键发动机。 也是在这期月刊里,在我们的“Corporate Governance Insights”章节, 我们非常高兴地分享John Wilson关于私有行业在公司可持续发展倡议中支持程度的讨论。在这篇连续报告中,前任TIAA-CREF公司治理总负责人探讨了如下问题: 公司以及股份所有者在可燃烧碳问题上参与性的改变,碳排放纰漏的透明性,以及我们想推进私有行业对于气候危险问题提出解决办法所需要的商业模型的改进。 来结束这个月的期刊,除了重点推出TheLastPanda.org作为我们“Featured Domain”,我也想谈一下Cornerstone的团队成员经常自问我们对于“公司可持续发展”的定义。我们以前已经指出过在可持续金融领域语言所带来的挑战 (请参见我们在福布斯发表的题为“可持续性能够持续吗?”一文), 我们认为形成一个我们共同认可的统一定义的决心也许是徒劳的。并且企盼这个确定答案的想法也确实不可能加速改变的速度。所以对于Cornerstone Capital 来说,“公司可持续发展”的定义和公司所采用的战略以及商业技巧的紧密结合将是我们不遗余力对再生性以及从全方位考虑来发展经济的实质进展的追求。… Read more »

Journal of Sustainable Finance & Banking,SM October 2013

We are pleased to present the inaugural edition of the Cornerstone Journal of Sustainable Finance & Banking (JSFB). Each month, the JSFB will strive to include important perspectives and insights from experts around the globe and across the functions of the financial markets. Cornerstone Journal of Sustainable Finance & Banking, October 2013  

Erika Karp Speaking at FT Investing in a Sustainable Future Conference

Erika Karp, Head of UBS Sector Research, speaks at the Financial Times Investing in a Sustainable Future Conference Panel: Innovation Along the Sustainable Supply Chain. To hear the discussion, visit the FT link below. https://www.ft-live.com/ft-events/ft-investing-in-a-sustainable-future-conference/sessions/panel-innovation-along-the-sustainable-supply-chain